Plain Puzzle

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enCRCh 9: Insurance Contracts11
insured:The party who buys insurance from the insurer.
subrogation:When an insurer who pays a claim in full acquires the insured's rights over the property insured.
under:................ insurance. Where a property is insured for less than its value.
indemnity:A principle based on the idea that the insured should not profit from there loss.
double:................ insurance. Where a property is insured with more than one insurer.
overinsurance:Where a property is insured for more than its value (two words).
insurance:................ contract. Where one party promises another party to compensate them if a 'risk event' occurs, in exchange for payment.
insurer:The party who provides insurance.
life:................ insurance. Where the insurer pays an agreed amount to the insured if a specific event occurs, e.g. a death, personal accident, sickness or disability.
interest:Insurable ................. The insured must be able to demonstrate they would lose or suffer damage by the loss, destruction or theft of the thing insured.
liability:................. insurance. Can be public, product or professional indemnity.

Ch 9: Insurance Contracts

1

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5

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E

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8

9

10

C

11

Across:

1.

When an insurer who pays a claim in full acquires the insured's rights over the property insured.

6.

Where a property is insured for more than its value (two words).

9.

The party who buys insurance from the insurer.

10.

The party who provides insurance.

11.

................ insurance. Where a property is insured for less than its value.

Down:

2.

Insurable ................. The insured must be able to demonstrate they would lose or suffer damage by the loss, destruction or theft of the thing insured.

3.

................ insurance. Where a property is insured with more than one insurer.

4.

................ contract. Where one party promises another party to compensate them if a 'risk event' occurs, in exchange for payment.

5.

................ insurance. Where the insurer pays an agreed amount to the insured if a specific event occurs, e.g. a death, personal accident, sickness or disability.

7.

A principle based on the idea that the insured should not profit from there loss.

8.

................. insurance. Can be public, product or professional indemnity.